News and Information from Bond Buyer

The revenue sector winners in May included healthcare with +0.53% gains, transportation with +0.42%, each benefiting from "the reach for yield and improving metrics," analysts said.

The budget pays off Municipal Liquidity Fund loans, goes easier on local governments, cuts some corporate incentives, and begins drawing down federal relief.

Texas lawmakers are facing a special session after a battle over elections, firearms and finance.

The tax law proposals laid out by Treasury last week struck many muni advocates as too limited, ignoring the industry's biggest request — tax-exempt advance refundings.

A Moody's downgrade on San Antonio's convention hotel bonds came with the lowering of the outlook to negative on the city's Aaa issuer rating.

Skepticism continues, even as New York Gov. Andrew Cuomo led a cheerleading tour through the $11 billion project site under Grand Central Terminal.

Sheila King of Eagle Asset Management talks with Chip Barnett on the growing importance of environmental, social and governance issues for municipal governments. She gives examples of what works and what doesn't and why it matters. (14 minutes)

The administration also wants to enhance the Low-Income Housing Tax Credit that is often used for bond-financed multifamily housing projects.

The bulk of the $160 billion San Diego Association of Governments plan would be paid for with local funding.

Municipal yields will likely stay in a narrow range with trading activity subdued unless larger interest rate volatility unexpectedly sets in, analysts say.

The agency is refunding $104.5 million of Federal Transit Administration section 5307 bonds and $23 million of FTA section 5337 bonds.

Proceeds of the general obligation bonds will fund new capital projects and refinance debt, state Treasurer Beth Pearce said.

Grace Dunlap, Chair of the Board at Bryant Miller Olive P.A., has been honored with the 2020 Ralph A. Marsicano Award presented by the City, County and Local Government Law section of the Florida Bar.

The environmental impact ruling and record of decision are a major milestone for the multibillion-dollar Gateway infrastructure project.

The board plans to pick an operator for PREPA's electrical generation in second half of this year.

Illinois lawmakers head into the final stretch of spring session with negotiations underway on legislation that would alter Chicago Public Schools governance.

Even with a 23.3% year-over-year drop in May, with five months now officially in the books, long-term muni volume stands at $169.45 billion, ahead of the $157.96 billion issued in 2020.

The fundamentals of the muni market have investors stuck in a low-rate environment without much of an alternative. Refinitiv Lipper reported $1.466 billion of inflows into municipal bond mutual funds with $813.8 million into high-yield.

U.S. Chamber of Commerce Executive Vice President and Chief Policy Officer Neil Bradley described the proposal as “a good faith offer and a significant step in the right direction.”

In the waning days of the Texas Legislature, lawmakers tweaked plans to help utilities absorb billions of charges stemming from February's winter storm.